Valossa secures $2 million round of investment.
Valossa, an Oulu, Finland-based video artificial intelligence company, announced closing a $2M investment round. The money comes from existing investor, Butterfly Ventures, as well as from Reaktor Ventures, 01 Ventures and Finnish angel investor Jari Ovaskainen.
Valossa, founded in 2015 by CEO Mika Rautiainen, develops products for AI-based visual content search and recognition. Its first product, Valossa AI, is a cloud platform that provides AI video recognition - the engine watches videos and produces detailed descriptions for every second of the video. The Core recognition engine is available as an on-premise, API and SaaS platform that detects and identifies people, visual and audio context, spoken topics, themed video categories, and explicit content from large volumes of video data.
Prior to this transaction, Valossa raised $650k in 2015.